Commercial Credit Culture: What Is It and Why It Is So Important

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With Flying Colors Podcast: Understanding Credit Culture with Vin Vieten

## Episode Summary
In this episode, host Mark Treichel interviews Vin Vieten, a retired senior credit specialist from NCUA, about credit culture in credit unions. Vin shares insights from his extensive experience in commercial banking, industry, and regulation, offering valuable perspectives on developing and maintaining a strong credit culture.

## Key Topics Discussed
- Definition of credit culture and its importance in credit unions
- Who is responsible for establishing credit culture
- How to implement and reflect credit culture in policies and practices
- The role of credit culture in credit proposals and actions
- Balancing member service with safety and soundness in lending

## Notable Quotes
- "What credit culture is, is your approach to providing credit to your customers, your members... It's how you're going to, why you're providing commercial financing and, and then really how you're going to do it."
- "We're not here just to say yes or no to loans. We're here to provide the right financing for that borrower."
- "Appropriate financing for the borrower. That's really what your job is. And that means financing that is paid back within the ability that's structured."

## Guest Bio
Vin Vieten is a retired senior credit specialist from the NCUA with 11 years of experience at the agency. Prior to his role at NCUA, Vin worked as a commercial banker, senior loan officer, and controller for a large ready-mixed concrete company, giving him a unique perspective on all sides of the commercial lending process.

## Resources Mentioned
- NCUA regulation 723 on Member Business Loans and Commercial Loans
- Preambles to the proposed and final rules on commercial lending (July 2015 and February 2016)

## Upcoming Topics
Mark teases future episodes covering:
- Credit proposals
- Underwriting
- Regulatory resources
- Credit risk rating systems
- Global cash flow analysis

## Get in Touch
For follow-up questions or to discuss how Mark and Vin can assist your credit union:
- Email: CUExamSolutions@marktreichel.com
- Website: www.marktreichel.com